Vaccine Delivery Devices Market will Represent a Value of Over US$ 4,000 Mn by 2022-end

Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of vaccine delivery devices market. The study is titled as “Vaccine Delivery Devices Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2022. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global vaccine delivery devices market.

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Vaccine delivery devices is used for treatment of various medical diseases and infections. These are specialized devices that deliver a dose of drug or vaccine through a particular route of administration. Vaccines delivery devices are also increasingly used among diabetic patients to inject doses of insulin such as Novorapid and Lantus. A recently published report by Fact.MR reveals that the global vaccine delivery devices market is expected to register a healthy CAGR, and will represent a value of over US$ 4,000 Mn by the end of 2022.

Intramuscular Vaccine to Register Significant Growth

Syringes is expected to witness the highest revenue growth in the global vaccine delivery devices market. This segment is expected to represent a value of over US$ 900 Mn in the global market by the end of 2017. North America is expected to remain the largest market for vaccine delivery devices globally. Jet devices is expected to witness the second highest revenue growth in 2017. Throughout 2022, syringes is expected to register the highest CAGR growth as compared to other products in the global market, followed by jet devices.

Intramuscular vaccine route of administration is expected to register the highest CAGR growth in the global vaccine delivery devices market, followed by subcutaneous route of administration. The intramuscular vaccine route of administration is expected to witness the highest revenue growth in the global market. This segment is expected to represent a value of over US$ 1,000 Mn by the end of 2022. Subcutaneous route of administration is expected to represent the second highest revenue growth in the global vaccine delivery devices market during the predicted period.

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Syringes to Represent a Leading Segment

Intramuscular vaccine among other routes of administration is projected to represent a relatively high growth in terms of revenue in the global market of vaccine delivery devices. This segment will represent more than US$ 1,000 Mn by 2022 – end. The intramuscular vaccine is projected to reflect a relatively high CAGR as compared to other routes of administration in the global market of vaccine delivery devices during the predicted period. In terms of revenue, subcutaneous is projected to represent a significant growth after the intramuscular segment throughout 2022. This segment will reflect a significant CAGR after intramuscular segment in the global market during the projected period.

Syringes among other products is projected to reflect a relatively high CAGR in the global market of vaccine delivery devices throughout 2022. In terms of revenue, this segment will represent a relatively high growth in the market globally. This segment will represent more than US$ 900 Mn in 2017. North America among other regions is projected to represent the major market for vaccine delivery devices in the global market. Jet devices is projected to represent a significant growth after syringes in the global market of vaccine delivery devices by the end of 2022.

Competition Tracking

Key market players operating in the global vaccine delivery devices market include Becton Dickinson & Company, PharmaJet, Inc, Valeritas Holdings, Inc, Vaxxas Pty. Ltd, Gerresheimer AG, Schott AG, Antares Pharma, Inc, and 3M Company.

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This release was published on openPR.